Wedbush Weighs in on Elastic's Q2 Earnings (NYSE:ESTC)

Elastic (NYSE:ESTC - Free Report) - Investment analysts at Wedbush issued their Q2 2025 earnings estimates for shares of Elastic in a report released on Thursday, October 17th. Wedbush analyst D. Ives expects that the company will post earnings of ($0.26) per share for the quarter. Wedbush has a "Hold" rating on the stock. The consensus estimate for Elastic's current full-year earnings is ($0.91) per share. Wedbush also issued estimates for Elastic's Q3 2025 earnings at ($0.23) EPS, Q4 2025 earnings at ($0.23) EPS, FY2025 earnings at ($1.01) EPS, Q1 2026 earnings at ($0.27) EPS, Q2 2026 earnings at ($0.25) EPS, Q3 2026 earnings at ($0.24) EPS, Q4 2026 earnings at ($0.22) EPS and FY2026 earnings at ($0.98) EPS.

Elastic (NYSE:ESTC - Get Free Report) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.10. The firm had revenue of $347.42 million for the quarter, compared to the consensus estimate of $344.67 million. Elastic had a net margin of 4.62% and a negative return on equity of 17.54%. The business's revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.35) earnings per share.

ESTC has been the subject of a number of other research reports. Bank of America cut Elastic from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $140.00 to $94.00 in a report on Friday, August 30th. Wells Fargo & Company cut their price objective on Elastic from $145.00 to $100.00 and set an "overweight" rating on the stock in a report on Friday, August 30th. Truist Financial lowered their target price on Elastic from $140.00 to $105.00 and set a "buy" rating for the company in a report on Friday, August 30th. Stifel Nicolaus cut their price target on Elastic from $120.00 to $98.00 and set a "buy" rating on the stock in a research note on Friday, August 30th. Finally, Oppenheimer lowered their price objective on Elastic from $150.00 to $125.00 and set an "outperform" rating for the company in a research note on Friday, August 30th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $103.71.

Elastic Price Performance

ESTC traded down $1.10 during trading on Monday, hitting $80.47. 909,511 shares of the stock traded hands, compared to its average volume of 1,311,445. The business has a 50 day moving average price of $85.28 and a 200 day moving average price of $99.69. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.91 and a quick ratio of 1.91. Elastic has a twelve month low of $69.00 and a twelve month high of $136.06. The company has a market cap of $8.19 billion, a price-to-earnings ratio of 152.79 and a beta of 0.94.

Institutional Trading of Elastic

A number of hedge funds have recently bought and sold shares of the business. Nordea Investment Management AB bought a new stake in shares of Elastic during the 1st quarter worth $3,104,000. Toronto Dominion Bank bought a new stake in shares of Elastic in the 1st quarter worth approximately $5,780,000. Quantbot Technologies LP raised its holdings in shares of Elastic by 165.2% in the 1st quarter. Quantbot Technologies LP now owns 12,921 shares of the company's stock worth $1,295,000 after purchasing an additional 8,048 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Elastic by 737.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 17,617 shares of the company's stock valued at $1,766,000 after purchasing an additional 15,514 shares during the last quarter. Finally, Interval Partners LP bought a new position in Elastic during the first quarter valued at $1,704,000. 97.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Elastic

In related news, CFO Janesh Moorjani sold 6,941 shares of Elastic stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $70.25, for a total transaction of $487,605.25. Following the transaction, the chief financial officer now owns 195,550 shares of the company's stock, valued at $13,737,387.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Elastic news, CTO Shay Banon sold 2,666 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $70.25, for a total value of $187,286.50. Following the completion of the sale, the chief technology officer now owns 4,543,190 shares in the company, valued at approximately $319,159,097.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Janesh Moorjani sold 6,941 shares of the business's stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $70.25, for a total value of $487,605.25. Following the completion of the transaction, the chief financial officer now owns 195,550 shares in the company, valued at $13,737,387.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,406 shares of company stock worth $2,627,772. Insiders own 18.10% of the company's stock.

Elastic Company Profile

Elastic N.V., a data analytics company, delivers solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data.